Determinants of Currency Composition of Reserves : a Portfolio Theory Approach with an Application to RMB /

The way central banks manage their foreign reserve assets has evolved over the past decades. One major trend is managing reserves in two or more tranches-liquidity tranche and investment tranche-especially for those with adequate reserves. Incorporating reserve tranching, we have developed in this p...

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Bibliografski detalji
Glavni autor: Lu, Yinqiu
Daljnji autori: Wang, Yilin
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2019.
Serija:IMF Working Papers; Working Paper ; No. 2019/052
Online pristup:Full text available on IMF